The United States abandoned the gold standard in 1971 in favor of a system that determined the value of one country’s currency on the basis of the value of other currencies on foreign exchange markets, also known as ___________________.

Fill in the blank(s) with the appropriate word(s).


floating exchange rates

Political Science

You might also like to view...

The two countries that most strongly supported President Assad during the Syrian civil war were ________ and _________.

Fill in the blank(s) with the appropriate word(s).

Political Science

The powers of the Supreme Court are specified in the language of Article II of the U.S. Constitution

Indicate whether the statement is true or false

Political Science

Which of the following is true of the Social Democratic Party?

A. It won the first elections after Germany regained independence. B. It was founded after World War II. C. It was unable to win support because of its liberal stand on economic policies. D. It never formed a coalition with the Christian Democratic Union. E. It was a political force in Germany that had not collaborated with the Nazis.

Political Science

Which generation is most likely to support legislation for tolerant immigration policies?

A. Silent Generation B. Baby Boomers C. Generation X D. Generation Z E. Millennials

Political Science